Full color thumbnails including FLV's and 10bit MKV's.
(also allows users to select at what point by percentage to grab the thumbnail)

Enable the Preview Pane for ALL newly enabled filetypes such as MKV and FLV.

Explorer properties are displayed for non native filetypes such as MKV and FLV

Updated often - and has update notification builtin

Allow use of the PowerDVD decoders for 32bit LiveTV in Media Center.

Support playback of MKV files on Extenders and on the Xbox One.

Support use of the LAV filters with the Play To function for MKV files.

Support playback of MOD audio files and M4A files containing ALAC

Supports playlist creation for use in Media Centerv

Allow users to Enable/Disable codecs installed on their system

Functionality such as Win7DSFilterTweaker builtin.

Support 'Add to Windows Media Player List' using rightclick on all files such as MKV.

There are two different codec packs from Shark007. The advanced release contains a full suite of decoders with a GUI controller for the installed codecs.
The standard codec release only contains LAV filters and xy-VSFilter with a GUI giving full control